Those policies are in place for the entire lifetime of the policy holder and offer guaranteed premiums and cash values that grow every year. (investopedia.com)
With the level term plans, both the amount of the death benefit and the amount of the premium due remains the same throughout the entire lifetime of the policy. (chooseterm.com)
The first is that you only need to make one payment for the whole lifetime of the policy, so you don't need to worry about adding funds or making payments. (lifeant.com)